Question: Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net sales $756,000
Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.
| 2017 | 2016 | |||
| Net sales | $756,000 | $723,000 | ||
| Cost of goods sold | 482,500 | 444,500 | ||
| Interest expense | 7,600 | 4,700 | ||
| Net income | 49,000 | 42,000 | ||
| Accounts receivable | 122,500 | 109,000 | ||
| Inventory | 81,500 | 74,500 | ||
| Total assets | 581,000 | 504,900 | ||
| Total common stockholders equity | 429,500 | 321,800 |
INSTRUCTIONS:
Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.6% .)
| profit margin | ???? | % |
| asset turnover | ???? | times |
| return on assets | ???? | % |
| return on common stockholder's equity | ???? | % |
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